IADA members noted that the anticipated slowdown due to geopolitical tensions and the ongoing election cycle had less impact than expected. [Courtesy: Pilatus Aircraft]
Key Takeaways:
The business aviation market experienced significant year-over-year growth in Q3 2024, with new acquisition agreements up 22 percent and closed deals reaching their highest Q3 volume since 2020.
While reduced-price listings increased as values reset from post-pandemic highs, demand is largely absorbing the rising inventory, leading to slightly lower prices and a shifting market where buyers have a greater influence.
The market shows an optimistic outlook, with Q4 expected to be very active—especially for midsize, light jets, and turboprops—as geopolitical tensions and the election cycle had less impact than anticipated, and Days on Market have stabilized.
The International Aircraft Dealers Association (IADA) released its third-quarter market report for 2024 on Monday analyzing the current aviation marketplace.
The full report, available here, stated that IADA dealers and brokers collectively account for over half of all transactions worldwide.
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Caleb Revill is a journalist, writer and lifelong learner working as a Junior Writer for Firecrown. When he isn't tackling breaking news, Caleb is on the lookout for fascinating feature stories.
